Investing.com - CBRE A reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
CBRE A announced earnings per share of $1.39 on revenue of $7.33B. Analysts polled by Investing.com anticipated EPS of $1.08 on revenue of $7.55B.
CBRE A shares are up 20.95% from the beginning of the year and are trading at $85.57 , down-from-52-week-high.They are outperforming the S&P 500 which is down 9.78% from the start of the year.
CBRE A follows other major Real Estate sector earnings this month
CBRE A's report follows an earnings beat by Prologis on April 19, who reported EPS of $1.54 on revenue of $1.08B, compared to forecasts EPS of $0.6806 on revenue of $1.08B.
American Tower had beat expectations on April 27 with first quarter EPS of $1.56 on revenue of $2.6B, compared to forecast for EPS of $1.11 on revenue of $2.6B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar